Broadcasting & Cable Magazine reports that the FCC is in the process of conducting a series of studies to determine the impact, if any, on news coverage by allowing multiple ownership and cross-ownership of media outlets.
Before FCC rule changes that took place in the early and late 2000s, companies were prevented from owning more than 1 or 2 radio stations and/or a TV station in a market. Media companies, particularly newspaper publishers, had been able to own a local TV and/or radio station in their market, but only one. Examples included The New York Times, which owned classical station WQXR; The Dallas Morning News, which owned WFAA radio and TV; The Tribune Company, which owned The Chicago Tribune and WGN radio and TV (the call letters stood for World's Greatest Newspaper) and The Daily News, WPIX-TV and an FM station in New York.
But media companies got greedy and the FCC, in 2007, supported their greed by permitting them to own an unlimited number of media outlets in a single market. So the big broadcasters, now part of even bigger
media comglomerates like Universal (NBC), Comcast/Viacom (CBS), Disney (ABC) and News Corp. (FOX) bought more media outlets. Newspaper giant Gannett joined in. In the New York market, for example, one company now owns both major all-news radio stations along with several other music stations, a major network affilate and some of the cable companies that deliver the TV station to consumers' homes. Another media conglomerate owns 2 of the city's 6 major commercial TV stations, and two of the city's four major daily papers.
Multiple outlets enable the media companies to share resources including news reports, trimming costs and helping profits. For PR folks, it often means fewer places for us to pitch stories. For the news-consuming public, it often means less variety in reporting.
The FCC, according to Broadcasting & Cable, is not seeing any negative impact on news coverage due to multiple and cross ownership. But I fear the FCC is evaluating the quantity of news, not quality of reporting.
The danger of having so much of the media owned by a few big companies can be felt in many ways. These companies -- only 5 or 6 now -- have the power to lobby for regulations in their favor, such as further easing of cross-ownership rules. With only a few media companies in control, there's the risk of less news getting out to the public, along with a decrease in the variety of editorial viewpoints.
The public risks becoming less informed than ever on things happening in government and in business that impact us all.
So as media fat cats get fatter, the public that relies on the media for news and information may end up with less news and information, if not in quantity, then possibly in diversity of coverage and point of view. And that's not good news.
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